Display Ads

Alright, so now we have a site that can convert customers, some analytic knowledge of user behavior from our Internet Consultant, and we have pay-per-click advertising generating leads for our business. What is the next internet marketing step and why?

Display ads or Banner ads as they are also called, are a natural next step. Display ads are the internet marketing equivalent of a TV commercial, but are more highly targeted. True it is push marketing, just like TV, but with the internet you can avoid broadcasting to thousands, just to try and reach one person.  Display ads can be targeted in several ways so that your ads show up onto websites that make sense to the person that is surfing. Example: Running a display ad for diapers on a baby focused website or a network of sites that appeal to 18-35 year old females. It is the same principle that advertisers have tried for years. Target your ads to specific demographics. The internet however, also lets you use psychographics. Psychographics, you ask? Simply put, it is user behavior. Display ads can be targeted based on the behavior of the computer user. If they have been visiting Kelly Blue Book’s website or Edmunds, they are probably in the car market. We can now start sending a car dealer’s display ads to make impressions onto that user’s computer, based on those behaviors.  What if someone keeps reading blog articles on pregnancy?  That’s right, start sending out ads for baby shower event planners, Fit Mother On-Line Magazine, etc.

There are actually six ways that display ads can be targeted. Behavioral, Endemic, Contextual, Engagement Based, Geo-Targeted, and the best, Remarketing. Why is remarketing the best? Because the user has already visited your website. This helps your business stay top of mind while they make a purchasing decision.  This is especially important for businesses that have a long sales cycle. If your customer is likely to research several sites prior to purchase, then re-marketing is invaluable. You can constantly keep them aware of your business after they have left your site and browse around the internet. Yes, this requires a cookie or pixel to be placed onto their computer and yes, it won’t work if they don’t allow cookies, but let’s be honest, most folks think cookies come in chocolate chip or mint fudge. Remarketing really helps bring people back to your site.

That’s a high level view of Display Advertising, but if I got into a lot of technical details, your eyes would glaze over. Suffice it to say that internet marketing, through the use of Display, is highly targeted, is cost effective, (usually around $9-$10 cost per thousand (CPM) impressions), and can help a user make a decision to buy your products or services because they saw your business all over the internet.

Internet Marketing Strategies for Small Business

Both large and small businesses are equal on the internet.  A search engine only knows what information the website provides to the spider for it to rank the site for the relevance to the search term.  It is a computer after all and follows the age old computing philosophy of “garbage in, garbage out”. So that is why many companies pay search engine optimization experts to fix the “garbage” information that is on the company website. That’s where there can be some differentiation between big money businesses and smaller operations. The big boys probably have someone on staff full time to do nothing but keep up with their web presence. So, how does a small business even the playing field?  Let’s discuss a strategic approach that can get a small business started on an internet marketing plan.

Internet marketing strategy number one is to be very focused with your budget. The internet allows you to hunt with a rifle rather than a shotgun. Internet marketing allows you to advertise to leads that are pre-qualified, have already visited your website, have visited sites related to your industry, or even have been reading articles or blogs about your industry’s products or services. There is no question about it, internet marketing done properly, can be the most efficient use of your marketing budget.

Let’s start with pay-per-click advertising. It is pull marketing at its finest. Regular TV ads or direct mail pieces are pushed to people, most of who have no interest and/or trust in the message. With pay-per-click marketing, computer users pull the ad to themselves, by searching for something in Google, Yahoo or Bing.  Pay-per-click advertising allows you to advertise specifically to people that are searching the internet for terms that you choose to advertise for.  If, for example, you are a small HVAC company, you can advertise specifically for someone searching for air conditioning repairmen in your service area. No wasted ad dollars there! Even better, you don’t pay a penny for the ad to appear on their computer screen when they search, you only pay if they click on your ad and visit your website. Now your marketing budget is going only to pay for people who chose to make contact with your website and no one else. Pay-per-click advertising gets you the most targeted lead you will ever get.

Alright, now we have people coming to your website. So why are the phones not ringing and the contact forms not piling up? Internet marketing strategy number two is conversion architecture. That is just a fancy name for a website that makes the phones ring. There is actually a lot of technical discussion that could be made about conversion architecture, but we will save that for another day. Today, we will boil it down to a few items. Does your website provide the information a web surfer requires, in a quick and visual manner? Does your site navigate easily, load quickly, and lead the user to make contact with your business? Does your website have your phone number prominently displayed in the top right corner of each page? Is your contact form asking for too many required fields to be filled in? Does your website immediately notify you that someone filled out the contact form, so you can reach out to them before they move on to the next business? A properly constructed website keeps your business from wasting your internet marketing budget. Otherwise, you are fishing with no bait.

How do we know the answers to the questions I just posed? Internet marketing strategy number three is Google analytics. As we all know, nothing ever leaves the internet. What happens in Vegas, stays on Facebook, stays on You Tube, and stays on Twitter. With all the information available to everyone, someone needs to dissect it all and analyze the data for you. It’s not about how many hits you had. It’s about the user interaction with your website. Would you like to know how often people return to your site? How many pages of your site get seen the most? From what page do most people leave your site? These and many more questions are answered by Google analytics. Let’s look at that last question as an example. If most people leave your site from the contact form page, that could be a good or bad thing. If the forms are piling up and match up somewhat with the page views, then great, people are finishing the form and they leave because they are done. But, what if the page views and form totals don’t match up much at all? Perhaps your form does not load properly or it asks too many questions. Again, without the data, you will never know.  This is why hiring a good internet marketing consultant can be very valuable to your business. He or she understands this data and can review it for you so you can run your business.

Now, what about display or banner ads, Facebook advertising, remarketing to prior website viewers, social media management, brand reputation management, mobile marketing etc.? Those topics will be covered in upcoming posts, so click the RSS to follow this feed or come back often for more on internet marketing strategies for small businesses. (Especially if you don’t know what an RSS is…).

Internet Marketing

Internet Marketing. Just another two word catch phrase that has no real definition. Google the term “Internet Marketing” and you will see that the pay-per-click advertisers can’t agree on what it is either. You will see Hubspot, Constant Contact, even Google Adwords, each with a different approach or business segment of Internet Marketing. Sure the goal is to be found online, but the methods are wide and varied. Search Engine Optimization, Pay-Per-Click Advertising, Email Marketing, Social Media Management are all segments of Internet Marketing, among many others. The key is to have a more holistic view of all these components and implement a strategy based on your particular business needs. Example. If your business relies on customer retention and monthly recurring revenue, all efforts that promote customer inclusion are the most valuable. These would be email marketing, newsletters, gaining Facebook and Twitter fans and followers etc. If your business is a start up, then you have an urgent need for lead generation. Pay-Per-Click, or online advertising, is likely going to dominate your internet marketing budget. What percent of your budget you allocate to each segment of internet marketing is the real question. Your business needs to have all these online marketing strategies in play. Assign your marketing dollars accordingly. If your business is new to internet marketing, then phase in each segment after prioritizing the needs. Use the return on investment measures that online marketing delivers and reallocate your spend accordingly. With a solid marketing plan that happens to use the internet, you will take your business to a new level.

When to run a PPC Campaign (or not to PPC)

Pay per Click is most effective for business to consumer companies but can also be quite effective for B2B as well. The measuring stick must be ROI. While B2C may have a larger volume of search, making lead generation easier, the revenue per conversion is likely far less than B2B. Businesses must factor in the potential revenue per lead. If you are selling greeting cards at $2.50 per sale, then Pay per Click is not for you.  If you are an orthodontist with a potential $4,000 to $5,000 per conversion, then Pay per click is highly effective. Beter still, if you are an industrial supplier and a potential conversion is $10,000 to $100,000 or more, then just one lead can more than offset costs of advertising.

When it comes to Pay per Click advertising, I advise clients strickly based on the following:

1. How many leads do you need to convert 1 customer?

2. How much revenue is the average conversion worth?

3. What is your net profit per conversion?

After that information is gathered, we can walk backwards to a budget. What increase in profit do you want = how many conversions you need = how many leads you require = budget based on cost per click.

Easy Math if you look at it backwards, not so much if you look at it forward.

Again, Pay per click is not for everyone, but it sure pays off for the ones that work it properly.

Banner Ads vs. PPC Ads

When should you use banner ads (display) instead of pay per click? The answer is determined by your agenda. If you wish to promote awareness for an event or product/service that has a long sales cycle, then display is the way to go. Display advertising target folks that are mid-range in the buying cycle. PPC is at the decision end of the buying cycle. Pay-Per-Click is great for quick sales turns, highly sought items and services, etc. The true power lies in the combination of the two. With display you generate ads to folks while they surf, which is 42+ % of on-line activity.  Search represents about 7% of on-line activity. Combine the two and you reach people at almost half of all on-line activity. You also create awareness with display and then capture the lead with search. A great combination for any business. Learn more at www.wsipowerfulwebresults.com or call 800-557-9706.